bloomberg markets: asia. ♪ the coronavirus death toll reaches 552. the world health organization warns they have no proven treatment yet. central banks ramp up their response. singapore and the philippines signal action to come. shery: the infection is disrupting economies around the world. we will assess the impact on shipping hit by the global step -- slowdown. japan and south korea coming online. let's get straight to the market action. >> the risk rally does continue. have markets bottomed? topix bothand the have more than 1%. right now, the 50 day moving average for the topics is right around 7016. we have punched through to the upside. will we be able to hold above that level? that could have acted as resistance. the japanese yen, modestly higher versus the u.s. dollar. this comes after three straight days of losses for the yen. actually the worst three day streak for the yen against the u.s. dollar since july of 2018. also, very interesting. a selloff in bonds across the globe. keep an eye there. let's

head of asia-pacific.iscussing how twitter is boosting investment in the region. we'll also be talking to lorraine 10 to get her outlook when it comes to asian equities. this is bloomberg. ♪ ♪ >> almost 11:00 in singapore, 8:30 in mumbai. are entering the last hour of the morning session in hong kong. to -- markets look to date out of china. hubei reports a smaller number of new coronavirus cases. a.j. freund the number of jing trims thebei number of fatalities nationwide. >> forecasting a fundamental impact on the country's consumers. paul: an indian unit struggles to survive, in a wider than expected cost as subscribers fell. this is " bloomberg markets: asia." >> it is valentine's day in asia, but not much love in the market. let's get more with our cross asset reporter. >> the first fatality was reported. not surprising. we see the nikkei off by one half of 1%. elsewhere, we are seeing markets moving higher, trading at the highs of the session. the csi 300 coming up to its 50 day moving average, up 1%.

>> we are expecting a loss of 27.8 begin dollars in the asia-pacific region for the asia-pacific airlinesr the rest of the world, $1 billion, so the main impact is in the asia-pacific. >> the projections assume the markets linked to china, right? is that conservative now that the outbreak is spreading across the world? all, we have done estimates. reasonably, them taking into account all the data, our experience, but also .he changes that have occurred for instance, the chinese economy is completely different now. mainly asiaact is , thehina because up to now traffic has dropped in china, china domestic, and international routes serving china. spreads, which , weot likely to happen follow what we do every day with the who, it should be limited to that region and the limited for the airlines and activity outside the asia-pacific region. >> when we talk about the sars outbreak 17 years ago, can you make a comparison now with this one, when this is so much more contagious? comparison, but take into account all the factors you are mentioning. it is probably more contagious than sars. has a di

we let the local currency bond play inthe safe haven asia, as opposed to north asia, which we still likere of a second-story. haslinda: thank you so much for your insight today. plenty more to come. this is bloomberg. ♪ haslinda: let's do a quick check of the latest is this flash headlines. a stake in credential. ther 5% of shares to become second used shareholder. , there hasthe deal been no response yet from the insurer, but they want the company to expand in china. is buying a website. billion.ing $7.1 free credit scores and other financial services, such as applying for credit cards or applying for auto loans. to 20% from 2018. afterda: hp shares jumped saying it will return more to shareholders after a takeover. buybackn to boost share from 5 billion. it will raise its cost-cutting .rogram by 2022 it would reach out to xerox on its own terms. up, the new head of discussing its mists. also, the impact of the coronavirus. a check of the markets as well. stay with us. this is bloomberg. ♪ we are in the middle of the trading day. .8%.ntly up by news out of the company. plans amid the vi

and completely reshaping asia and south asia. >> and the singaporeans and many southeast asians wouldsay the roads are smoother, the rails run faster and it's good for all of us and for the world economy . >> in many respects like when you ask the questionwhat our strategy should be , if most of these countries have a solid stable relationship with the united states, it gives them more confidence and greater ability to navigate their own future and their status with china so that's what they're looking for and that is a good outcomefor us . >> your bottom line would be don't make people choose. >> i hate to say this, that is a really western european, the key honestly is never asked the question. never be in a situation where anyone would suspect that you would be completely behind them. assume that those countries are going to work with you and configure your relations in such a way that you are the dominant player in many of their decision-making. and understand clearly what your limitations are and where you're not going to be able to play as effectively and it's incredibly hard an

to bloomberg markets: asia. in sydney.llen down to the asia open. coveringtories we are in the next hour, the coronavirus bites apple. production slows. two ships from returned. hsbc set to report full-year results as leadership speculation swirls. let's look at how we are positioned on the markets. australia, looking like a flat open. moved loweres have on that news from apple. nikkei futures off about a fifth of 1%. new zealand has been trading for about an hour now. .ospi futures the latest company to announce fallout from the coronavirus. joining us, mark gurman. background into this announcement. apple's second revenue adjustment to years in a row. this time it also has to do with china but for a different reason , coronavirus. billion for the march quarter. they are not saying what the new revenue target is. it is very clear that this is happening an impact on them. sales in china are down dramatically. two stores, most of which have been closed in february. china is the third biggest market. second, the iphone is temporarily constrained, mean

one is the area from let's say the middle east through southeast asia. the south asia. and then there's the rest of the world beyond that. there's maritime frontiers, south asia area and the rest of the world. but do they have the ambitions or capability to expand this capability out there? so let's talk about the area of south asia since it is an area of chinese focus. she's doing things signature policy program, the built-in road initiative is centered on that region. they aim to make china the transportation hub for all economic activity going through that area and therefore, have a tremendous amount of economic influence and build more influence on top of that. what about the military influence within that? which has been relatively restrained to this point, shanghai cooperative organization. that brings in a lot of those countries were familiar with. familiar with the anti piracy patrols that they've had some. what comes next? i think we do have to take seriously what the chinese say. you read their documents, the power projection appears nowhere in those documents

at the same time, the pivot to asia or a greater proportion of business being undertaken in asia alsoeans that the bank will have to generate adequate effort ability in a region that is potentially more volatile than elsewhere in the world. vonnie: at the same time, at least its plan is very different from some of the other banks. it is not clear that that has played out for some of those banks either. would you suggest that perhaps hsbc's different approach is the only one for it right now? christian: it is important to bear in mind that hsbc has very distinct features. it is one of the banks with a very strong global footprint and a presence in key markets. that is really something that this plan is focusing on. the idea of moves to refocus the business in the u.s. and continental europe speak to that. if the bank manages to integrate those businesses more closely with its international framework , helping or offering products to their clients, that is a distinct advantage for hsbc. guy: do you think share price reaction makes it less likely that noel quinn gets the job on a permane

we have seen changes across asia in that regard. talent in asia is externally hard.bably the number one priority is how they continue to attract talent and people from all around the world. all of our markets are really competitive. we are seeing a change there in hong kong. the priority is to get through the coronavirus and get back to business as usual. we can continue to attract all the global talent that has always gravitated to the region. we are also seeing a lot of question around the fragility of talent of the next 12 months. whether we will be able to move people around parts of asia or even other parts of the world in the way the companies have the past. sherrie mentioned the issue of pandemic insurance before. obviously, the insurance issuance is limited in terms of what it covers. actual physical interruption or damage to businesses. you areering what advising in terms of how businesses can protect themselves from force majeure situations like this. does it depend on the government that they are operating under? some governments will be picking up and dea

welcome to "bloomberg markets: asia."this tuesday, the coronavirus death toll took 1000 in china. hubei province has 30 2000 cases. the world health organization is in china and monitoring the outbreak as workers returned from the extended lunar new year break. shery: the coronavirus is affecting asia's biggest airshow in singapore. the event has seen no-shows among aviation's biggest names. japan away on holidays. korea is coming online. let's get straight to the market action. sarah: japanese equity markets are closed for holiday. let's take a look at what is moving in the region, the fx and rates markets. the yen holding steady but this after five days of losses in the last six for the safe haven currency as we did see the bid just a bit.derate we have seen a slight global bond rally. 10 year jgb yields down by two basis points, yielding negative six basis points. futures.a look at flat right now, holding steady after the u.s. trading session. the s&p 500 and the nasdaq 100, the tech heavy benchmark, did close at recor

asia we can play a role.ies can come to singapore, asian companies can come to singapore to access the world. haslinda: one final question before we let you go. you're slated to be the next prime minister. any sense you can give us in terms of when the transition of power will be? >> first and foremost, it is important for my party to win the support of our people. haslinda: what are the chances of that? well, you must take every election, never take any election for granted. therefore we will let singapore decide on which is the party best able to take them forward, to legislate specific time. then we can discuss details later. haslinda: thank you so much for your time. >> thank you. deputy prime mipster and finance minister ginning us for the first interview here on bloomberg. now let's get headlines from sue in new york. sue: thank you. we'll start with the late thoennes death toll from the coronavirus. it's now exceeded 2,000 with beijing reporting another 136 new deaths nationwide. that brings the total

come to bloomberg markets: asia. -- welcome to bloomberg markets: asia.s aside $10 billion to control of the coronavirus. researchers say sections may peak this month. china beefs up its response. outputs suffered. shery: the outbreak is another blow to hong kong where rivals are plummeting. the economy was already reeling from months of protest. let's get straight to the market action. >> investors continue to assess what any economic outlook -- economic fallout from the coronavirus may look like. it is very much and risk off picture. the nikkei and topics lower. was aoes come after what very strong week for stocks in asia. japanese stocks having their best week since mid december. we do see the japanese yen higher versus the dollar. this comes after what was the sinceweek for the yen 2000 18. today, it is the best-performing g10 currency. yields -- 10 year jgb lower at the moment. south korea does come online as well. .he cost ease taking a hit last week was the best week in four years. we see australian stocks and new zealand stocks within lower. decli

singapore is arguably asia's clea nest issue.ation, but it has problems of its own. it generates more than 7 million tons of waste annually, and the city—state's only landfill is expected to fill up in just 15 yea rs. expected to fill up in just 15 years. i think it is very urgent because 2035 is not that far away. that's why i think institutions like ours that do research can also begin to walk the talk. singapore's technological university is testing a new way to take out the trash. in the past, this rubbish, up to eight tons of it every week, would be sent tons of it every week, would be sent to an incinerator, and the leftover ash would go to landfill. but not anymore. this rubbish is going on a slightly different journey. anymore. this rubbish is going on a slightly differentjourney. it ends up slightly differentjourney. it ends up here at singapore's first waste to energy research facility. it is hot, it is dirty, and it smells terrible. but this could be part of the solution to singapore's rubbish problem. so behind that w

particularly in south asia and india.e not enough commercial pilots, so how will airlines meet demand without compromising safety? this cadet is kicking her new career into gear as this cadet is kicking her new career into gearasa this cadet is kicking her new career into gear as a commercial pilot. the 23—year—old decided to abandon a career in the medical profession and follow her passion, but she initially had her doubts. follow her passion, but she initially had her doubtslj follow her passion, but she initially had her doubts. i thought that this male dominated industry was too hard on females, and most significantly, i am short, so i did not know if i could fly a plane or even not know if i could fly a plane or eve n ste p not know if i could fly a plane or even step on the rogers or the brakes. the asia-pacific region has seen a brakes. the asia-pacific region has seen a boom in air travel and first—time flyers, but the small pool of commercial pilots is not meeting demand. in fact boeing said globally airlines wil

hello and welcome to choose day's asia business report, i'm sharanjit leyl asia business report, i'mharanjit leyl. we start with the impact of the coronavirus on global markets as growing concerns about its spread have stocks hard. let's look at the ones open in asia today, the nikkei 225 injapan, the all 0rdinaries in australia, they are lower, scaling back some of their steeper declines from a little earlier. the hang seng in hong kong is about to open, and all are reflecting the sell—off we saw in the us and europe. let's take a look at that, because in new york, the dowjones a look at that, because in new york, the dow jones industrial average fell by more than 1000 points, it biggest one—day full into years. in the uk we saw something very similar mother ftse 100 the uk we saw something very similar mother ftse100 shed 3%, its biggest drop infour mother ftse100 shed 3%, its biggest drop in four years. samira mother ftse100 shed 3%, its biggest drop infouryears. samira hussain isa drop infouryears. samira hussain is a new york. wall street is spooked clearly. the massive fall on

they been grappling that four weeks, and it has stayed in asia but now it has stayed in asia but nowstayed in asia but now it has spread across global markets. i think perhaps the big trigger point yesterday was the number of cases in italy, that in europe it is notjust an asia issue, that it is suddenly on our doorstep here in the uk or markets in europe, the potential for spread from italy, it is not for land borders and it is the third largest economy in europe, so there is a lot of potential for that to spread and that put fear into the market. it is that free and easy movement of people across 26 countries across europe, and the financial times points out that eu authorities point out there are no plans at the moment to suspend travel or restrict or have checks or anything from that perspective across europe at this point is yellow that's right, and i think that is offering a little support for the market this morning we see the market this morning we see the future is looking a bit more positive and that is because there hasn't been a sharp reaction from european authorities ye

regarding the outbreak, especially in asia.ll be when emerging asia finally emerges from this epidemic. also, they start benefiting from normalizing trade and activities. we think in this scenario, emerging markets in asia are better positioned to benefit, compared to the u.s.. we will argue that it has been a difficult call so far, but just looking at what is possible in the second have, we still argue that it is more likely to outperform the u.s. for the remainder of the year. are you recommending exposure to asia threat? where should smart money be? we believe there are both theockets in bottom rung of investment and high-yield. to provide aninue interesting selection of opportunities. last year was a spectacular year for asia credit. going forward, that will require more. given discussions in the market, we think you can meaningfully outperform any credit space versus europe, where the levels are low and the spreads are tight. ofthink just in terms outperformance potential, still asia is the place to be and you can maybe mi

let's see which road they choose well from our asia desk bearish bad energy is with is he was following his speech as well of course good to see you bearish what kind of message is trump sending to iran with those comments from medicare message terry the strategy of maximum pressure is going to continue once a strategy that is designed to bring it on to the talks table to negotiate on u.s. dom's of course here the biggest option is that iran is going to do that because what's happening with the strategy of maximum pressure is that the hardliners in the avian regime are getting more and they are moving away from the west which is not what doesn't rouhani the president of iran wanted remember he really signed up to do it in the nuclear deal which the u.s. you know left really walked away from and all of this is happening in an election year not just for the united states but also for it on which holds legislative elections this month so therefore the pressure is on on both sides to show a hard face a hard stance so one should not be expecting a thaw in relations between both countries any

this is "bloomberg markets: asia." ♪ haslinda: asia stock markets are advancing as investors look pastt of the coronavirus. let's get the latest on the markets with sarah in new york. how is it looking? sarah: pretty green. a risk rally across asian markets at the moment. aboutt the csi 300, up 6/10 of a percentage point, a very broad-based rally in the hong kong hang seng, up 1.3%, only to stocks trading lower out of 50 in the benchmark it. spi nowean cost be -- ko less than 2% away from the pre-coronavirus levels. s&p 500 futures are extending gains after the index closed at a record high in the u.s. trading session. since we are seeing such a buoyancy in the market, were also seeing a lift for many of the macau gaming stocks. mgm, galaxy entertainment, all near 1% or more. they had been under a lot of pressure over the last couple of weeks but today we are seeing a nice rebound. all right, thank you. thedeath toll from coronavirus has climbed above 1000 as the chinese province at the epicenter of the outbreak reported the highest number of fatalities yet. health also removed two off

asia is picking up on the risk rally we saw in the u.s.. as markets looked to be pricing in a more benign coronavirus impact, it is bringing -- let us bring in our mliv strategist mark greenfield. we have seen the stock rally, treasuries falling, even commodities jumping in going along for the ride. i do wonder if this optimism makes sense given that we still don't have a clear idea when those chinese workers will get back to the factories. >> exactly. earlier, theying supply chain is already being disrupted. we do not know how badly supply chains be impacted. when china really starts to get back to work, maybe over the coming weeks as people try to put chinese factories back online, so although wall street and particular is taking a positive view that this virus has been contained and the impact is going to be limited, that might be too early. there is a story running on bloomberg today saying china itself will not really now for several weeks how bad this economic disruption is because of course so many people are being kept at home. it w

southeast asia. he is the author of the south china seas and focus clarifying the limits of maritime dispute. co-author of multiple other works. he will focus on china's activities in south, southeast asia. next we hear from [inaudible], am i pronouncing it -- >> [inaudible] >> research associated at the african center for strategic studies at the national defense university. he is an expert on china africa relationships partnerships between the africa and east asia and the african security issues. his forthcoming book, manuscript examines the influence of traditional chinese strategic culture on china's military strategy in the western pacific. he also has a forthcoming book chapter on china's expanding influence in africa. he will testify to china's military activities. >> thank you, thank you to the commission. it's a real pleasure to be here but i was asked to speak about their projections specifically in south, southeast asia. to do that i think it's useful to break chinese capabilities and chin

in asia a mixed day today. a weak yen versus a strong dollar helped japan. japan. street the night before. so record closures, so people buying shares and stock. let us people buying shares and stock. let us look at the next board. europe has been going for a0 minutes. pretty flat if not a little negative. we will hear retail sales. lloyds ba n k negative. we will hear retail sales. lloyds bank with full year prophets down by 26% to do with a charge to down by 26% to do with a charge to do with payment protection. look at the business live page for those individual stories. now to the us, where markets will be looking for clues to the impact of coronavirus on domino's pizza's business as the chain reports its latest financial results today. michelle fleury has more from new york. the popularity of domino's pizza in china has been boosted by a younger generation with a taste for western food, and an appetite for ordering online. and while its presence is nowhere near the scale of, say, mcdonald's, it is a growing market for the fast—food company. dominoes has around

foreign policy in the asia-pacific. with a particular focus on the maritime domain and the country of southeast asia. he is author of the south china sea in focus. clarifying the limits of the maritime dispute. he is a coauthor of many other works, he will focus on chinese activities in southeast asia. next we will hear from -- am i pronouncing that right? research associate at the african center for the strategic studies at the national defense university. he is an expert in china africa relations, partnerships between africa in east asia, an african security issues. his forthcoming book, manuscript, examines the influence of chinese culture on china's military culture and say craft in the pacific. he has a forthcoming book on china's extending influence in africa. he will testify on chinese military activities. mr. poling will start. >> thank you, and thank you to the commission. it is a pleasure to be here. i was asked to talk about china's power protection in south and southeast asia. to do that, it is important to

and third thing — they're doubling—down in asia.ms of reve nu es their biggest markets in terms of revenues and profits. they're going to refocus there, invest more in those areas. it'll be a pretty tricky strategy, given the three headwinds of those places right 110w — headwinds of those places right now — political instability in hong kong from the protests last year, the effects of the extended us—china trade war and the slowdown in the economy, and of course the coronavirus as well. how the market perceives this plan will determine, to some extent, how well he gets the job or not. all right. thank you for now. maura fogerty in our bureau in singapore. now let's brief you on some other business stories. apple has warned that disruption in china from the coronavirus will mean revenues falling short of forecasts. the tech giant said production and sales were affected, and that "worldwide iphone supply will be temporarily constrained". the iphone maker is the first major us company to say that the epidemic will hit its finances. ama

how big a problem could that 10% fall in asia the airlines? it isa 10% fall in asia the airlines?is a huge amount. every day we are sitting here talking about the impact the coronavirus is having on businesses, but it does seem that the airlines are particularly struggling. the international air transport association has been warning that airlines could use more than 29 billion us dollars in revenue this year as a direct result of the coronavirus, and the global airline industry bodies predicting that demand forair bodies predicting that demand for air travel could fall for the first time in the decade, thatis the first time in the decade, that is since the financial crisis in early 2008, 2009. so airlines have already had to ta ke airlines have already had to take measures, they have been cutting flights in asia, they have suspended routes to china and that is because demand has dropped because people arejust too scared to travel at the moment and the iata estimates that chinese airlines are set to lose nearly 13 billion us dollars, and that is just in the home market. of course

welcome to bloomberg markets: asia.number of new cases of the coronavirus falls dramatically in hubei province raising questions about how they are tracking the outbreak. come as earlyld as thursday. qantas slashes flights and freezes hiring as the virus in roads and demand. we will speak to the ceo later this hour. is one of the stocks we are watching. it's not quite online yet but the markets are just starting to come online here in australia. watch forinuing to the corporate fallout of the coronavirus. the s&p up a 10th of 1%. zealand up for tencent 1%. nikkei futures moderately higher after the biggest decline when it comes to the yen. watching s&p active futures, we are seeing u.s. futures training to the upside. has reportedvince 349 new cases which is a drop from previous days. this comes as china has revised its national guidelines on the virus. it's interesting they have gone this is a significant change in how they account for the infections. what they are saying is that they look for people who are being susp

across asia, being led by north asia and china etc.. alibaba is a key name to us.perating in a strong ecosystem where balance sheets are strong, those companies on an individual basis would be interesting to us. whenever isareas, video in terms of games, or livestreaming does look interesting. what is really getting impacted is face-to-face services or where there is a whole social distancing element that has come through. there would be economies like hong kong where we have seen a sharp drop in tourist arrivals. thailand is seeing that impact. let's not forget central banks are doing whatever it takes to provide that monetary policy support to these markets. that whateveres it takes translate to? and a move innce yields? does it result in a spike in inflation if stimulus goes too far in that direction? >> it is the central banks have always been keeping an eye on domestic economy, inflation etc.. they have been proactive in providing stimulus measures. cuts, india has had this whole corporate tax cut, which resulted in the market outperforming on emerging markets

seeing red across the board for asia.ping 2.6% -- the chinext down 2.6%. ♪ >> pictures of the city. almost 11:30 a.m. in singapore. .9%.ntly down by in line with most of the region. the release of earnings earlier this morning. the latest to freeze wages. fees between 5% and 15%. 1%.ently down more than let's take another look at markets. , what is the latest we are seeing when it comes to investor positioning? some say we are not seeing capitulation? sarah: we are not seeing capitulation. it is very notable that benchmarks are off. when it comes to investor positioning, we continue to see investors moving away from different areas of the market that are cyclical or exposed to growth. has lost about $10 billion. take a look. this tracks the industrial sector. in onelost $850 million day. that is a record outflow for the funds since it was intercepted. for the funds. assets, so fars this year. you do see this move away from cyclicals. you continue to investors moving. haslinda: will the fed come to the rescue? coming back

and a new trading week starts on a shaky note in asia, as investors continue to fear the impact of the coronavirus. let's begin with the coronavirus outbreak, because firms and factories in china are expected to get back to work this week after an extended spring festival break. but across the country, some factories will stay closed, including carmakers toyota and honda, and what happens in china matters for the rest of us. china alone now accounts for 39% of global growth. to give you a sense of scale, china is the world's largest oil importer, and so global oil consumption has fallen around 20% since the outbreak began. the spread of the coronavirus could also affect the phase one trade deal that the us and china worked out last month. our asia business correspondent karishma vaswani takes a closer look at what happens when the world's factory shuts down because of an international health emergency. from iphones to t—shirts, to even your medicine, china is the factory for the world. more than a third of the world's clothes and shoes are made there, so when factories shut down and pe

asia and australia, india, japan are the incredibly diverse strategy. we are not saying we are with you there are several things simultaneously. they do want a relationship and to increase those contacts. across the board but every country is wary of the united states right now and understand there are enormous risks to be cited for trade violations or find yourself in the crosshairs. that is secretly hopeful that we will go back to something that is more recognizable that fundamentally the political system has changed it's not just a trump phenomenon. second the trade war with like-minded states the kind that we describe those linkages between australia and india and japan and others working together. >> we could never have imagined. >> and they are doing that on their own. every country is trying to increase their own independent capabilities. that is apparent defense spending is much higher in asia than any other place that was never the case five or ten years ago we are seen dramatic increases some countries want more ability to shape their own futu

weaknesses are even underestimating the ability of the united states and its allies in europe andes asia to cope with this threat peacefully and successfully? he has someone here condoleezza rice spent her early career thinking of the empire thatve crashed and when we were working together will be overestimated the strength of the soviet union to have the confidence to think united states and its allies have a way forward for success in the t century republicans and democrats and today we will hear from more people my colleague will interview mike , and advisor to president trump. he is really smart and it was a pleasure to spend three days earlier this year. then i will interview my close friend and former boss and the third interview kathleen hicks is one the smartest young strategists we have in the united states on our ability to respond to these threats and forth you will interview a force of nature ambassador kurt campbell who was the assistant secretary of state for east asia and to make those to the indo pacific a compelling thinker on these issues we hope it will be useful to yo

shery: our asia economics reporter, thank you.nd happening right now, we are seeing senior officials in beijing speaking. you're watching pboc if you governor speaking in beijing right now, saying that the markets have been resilient and mature in their reaction to the virus outbreak, that they will continue to boost countercyclical adjustments. he says the pboc will keep markets stable. this is bloomberg. ♪ haslinda: now here's the latest business flash headlines. twitter sword after topping expectations for revenue and adding more daily users. shares rose the most in almost a year as revenue climbs 11% to $1 billion, beating expectations. the big surprise was user growth. twitter added 7 million active users and has more than 150 million people logging on everyday. tesla erased early losses after congresswoman alexandra custer cortez unveiled plans for a network of high-speed charges for electric vehicles. she and fellow democrat andy levine set the bill -- said the bill would establish in five years. the measure is seen unlikel

that is it from "bloomberg markets: asia." i am paul allen.break middle east is next. this is bloomberg. ♪ >> this is bloomberg daybreak: asia middle east. china sets aside $10 billion to control the coronavirus as deaths top 900. the world health organization -- past the briefly falls $50 a barrel mark. that as hopes for an extraordinary opec plus meeting feign. stocks falling for a third straight session. the arab world dallas back criticism of president trump's middle

on its long haul unit area asia x. . c.e.o. tony fernandez and executive chairman. will step aside for at least 2 months as the investigation continues they deny on the wrongdoing. the fallout from a bribery scandal at airbus is reverberating across the aviation industry airbus agreed to set aside up to 3600000000 euros to settle a corruption probe by authorities in france britain and the us air asia is airbus's largest customer for single jets. fernandas famously bought the malaysian carrier for one ring given in 2001 he him around and will remain with the airline as advisors. in thailand to brew as dominates the beer market with their brands singha and chang and they've got the lower on their side only those with a capacity of at least 10000000 liters a year are allowed to brew and sell beer in stores that make small businesses practically a legal number of microbreweries a fighting that. every beer from his tap is an act of rebellion. for 8 years we cycle now has been running an illegal microbrewery on the outskirts o

it used to be east asia.in our strategic thinking that it is pacific which widens the strategic maps in the way that i think favors us, brings in india and, of course, not completely and china but china is a relevant factor. southeast asia, we do see quite frankly as the soft underbelly in the region. for a number of reasons. one, from a pure capacity point of view southeast asia might be a region with almost a dozen states. but each of those states has a limited capability even of itself to engage in any significant balancing for accounting activity. as a result southeast asian states can hedge rather than balance against chinese activities. in my view, much of southeast asia, and i make exception in general terms of vietnam, indonesia, and what hope will be a post president duterte philippines. i think southeast asia has know if he's falling a debilitating fatalism about the inability of chinese dominance both at an intellectual level at a practical level. much of southeast asian and it's reflected in somew

across the view asia-pacific msci. asia-pacific index, down 1% at the moment.he declines as the technology sector, now down more than 2%, the worst by far. the next worst is health care, down half of 1% -- down 1% or so. every single sector is in the red. real estate is roughly flat on the day, but still modestly lower. thank you so much for the update. let's stay on the widening impact of the coronavirus. world health organization says it's too early to tell if cases are truly declining. there is a report that nearly 1900 new cases this morning will bring the total to more than 72,000. let's get to our team on the ground. yvonne man is in hong kong. tom mackenzie, let's start with you. what do the numbers tell us? the overall number we got out of china now it's almost 72,500. . crucially, the numbers out of hubei province, the epicenter for the virus, they rose about 1800 additional inspections over hours.t 24 that rate of increase is actually the slowest we have seen since the methodology for counting these viral outbreaks was changed last week. that is a pos

region. see it is more negatively hitting the asia-pacific region.that continue for, do you think? how long can we expect for that damaged the economy to just be focused in the asia—pacific region? i think if this outbreak can be contained within the first quarter, i wouldn't be too worried about the negative spill—over in the region because we would be quite expecting quite av —shaped rebound in the second half of the year, but if this doesn't get contained within the next month or so, i would start to be quite worried and i think some of these worrying forecasts you have mentioned just now could materialise. but i think general consensus in the market now is it will be contained by the end of the quarter. janet, what you think of the 620 quarter. janet, what you think of the g20 finance ministers and central bankers, as they meet this weekend in saudi arabia, what you think they can or should do to reassure global markets? yes, i think right now, the policymakers, the central bankers, they are just warning about the uncertainty because we still don

>> three ground wars in the last century in asia. we have always been in asia. how many people do we have assigned? 91,000 just assigned to that command. we have been instrumental for a long time now. you see much more emphasis over the last several years. when he and i were the under vice team, we went out and spent about three days with admiral phil davidson just going through the plans. what do you need to invest against the capabilities that he needs to win? the defender exercise that we will put this in place. we have always been, and we double down on that going forward. there will be no greater deterrence than boots on the ground training side-by-side with allies. we are working very hard with our disposition. you will see a lot of moves associated with that over the next eight piedmont. >> talking about great competition. it does not necessarily mean great conflict. you avoid that through strength. strong relationships with partners and allies in the region. working together. that is the strategy that we are pursuing. >> on the capabilities side, specifi

are we underestimating the ability of the united states and its allies in europe and asia to cope with this threat peacefully and successfully cracks we have someone here with condoleezza rice the better part of her academic career over an empire that crashed the soviet union and then when they were working together, steve and myself in the seventies and eighties overestimated the strength so we have self-confidence you think the united states and its allies have a way forward for success in the 21st century. we have republicans and democrats ready and we will hear from four people today. my colleague will interview mike who is advisor to president trump and china specialist and really smart was at the hudson institute it was a pleasure to spend three days with him earlier this year. the second interview i will interview my close friend and former boss, condoleezza rice about these issues and the third interview, kathleen hicks who i think is one of the smartest young strategist we have in the united states. and fourth we will interview a guy who is a force of natur nature, ambassador

what happens if something happens in asia and only asia, will your business stay robust what will happen in the next five, 10 to 15 years >> thank you you will stay with us. jeff cutmore weighing in and fran k francesco calling in thank you. >>> we are looking at a bit of red on the board for european markets. the stoxx 600 trading down abou 15 basis points. advancing about 40 basis points across regions this morning, very different picture. german industrial data no doubt weighing on sentiment to some degree we'll squeeze? a quick break. ahead, a warning of potential coronavirus fallout. that's coming up next. i'm embarrassed to even say i felt like i was going to spend my whole adult life paying this off thanks to sofi, i can see the light at the end of the tunnel as of 12pm today, i am debt free ♪ we have no debt, we don't owe anybody anything, and it's fantastic ♪ >>> welcome back to the program. after the q 4 earnings significantly missed expectations coming in 45% lower than forecast. expecting a surplus amid chinese production growth. bringing in the cfo who joins us now. thank yo

still also by asking how has the army's view of the school and asia changed or evolved. host: are you thinking about the army's role in that conflict or potential conflict what it will look like. it. >> three round wars in the last century, we have always been there. how many people do we have a signed . >> about 91000. >> combatant command. we have been instrumental there for a long time. you see much more on the last several years for the pacific pathways exercises. when he and i were the team, we spent about three days with davidson just in hawaii going through the old plans, what do you need and maybe adjustments to invest the capabilities that he needs to win. in this program i highlighted, the defender exercises, that we will be putting in place. we have always been and we double down on that, going forward and this would be no greater deterrence the groups and the ground training side-by-side. are working very hard in her disposition. west of the international dateline and you will see a lot of booze associated with that over the next two months. >> great competit

diplomat to south asia -- to a former u.s. diplomat to south asia.rg. ♪ sometimes your small screen is your big screen. and with the xfinity stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love. >> live pictures this monday. we had in the middle of the trading day. .8%.ntly down 3%.ng down about can in newo see york. su: the latest on the coronavirus. today is ground zero. hubei is ground zero. 149 new fatalities. that brings the total number of confirmed cases -- we have been hearing from the pboc governor. infectious disease alert levels to the highest. more korea has announced cases. seven people have died so far. the central bank is due to hold an emergency meeting later today to consider the economic impact. implementing a travel ban in the north

fernandes is one of the aviation industries most familiar faces so it came as a shock when the air asia chief executive announced it was stepping aside amidst a bribery investigation authorities are looking into claims that plane maker air bus paid a 3rd company connected to finance $50000000.00 to secure orders. with its slogan now everyone can fly air asia is one of the best known brands in asian aviation but now the carrier is at the center of a corruption probe individuals associated with their boss were reportedly paid to secure deals with their asia on its long haul unit area x. . c.e.o. tony fernandez an executive chairman. will step aside for at least 2 months as the investigation continues they deny any wrongdoing. the fallout from a bribery scandal at airbus is reverberating across the aviation industry airbus agreed to set aside up to 3600000000 euros to settle a corruption probe by authorities in france britain and the us air asia is airbus is largest customer for single jets. fernandas famously bought the malaysian carrier for one ring given in 2001 he him around and will r

china dominates asia. know that we dominate the inional hegemonic power, but the trade flows and business cycle, it's clear how important china is. south korea has had to shut down auto manufacturing because of problems in china. his is not just about trade, it's about global supply chains, about high diverse production has been across the globe. i think there increased role in indexes,th in the investment portfolios, and the global economy, looks like my why china is driving so much in the region. amanda: thank you so much. banks up next, canadian were once the belle of the ball. now investors are beginning to worry they may not be so safe. by traders are turning their attention to a different part of the countries financial services sector. this is bloomberg. ♪ amanda: this is bloomberg markets. i'm amanda lang in toronto. shery: i'm shery ahn in new york. now to an exclusive. bloomberg was forced to reveal the details of hsbc's impending overhaul. they are planning their third turnaround in a decade, ey

welcome to bloomberg markets: asia.the world health organization urges countries to move swiftly as california monitors 8400 people for signs of the virus. south korea records more cases then china for the first time. we will tell you about the figures. and the fastest stock market correction on record. 10%s&p 500 falls more than in six days at the bank of america warns of the worst shakedown since the financial crisis. let's turn to south korea. numbers coming in at a contraction of 1.3% month on month. the expectation was for contraction of one point 7%. a smaller contraction that expected. afterstill a contraction we saw those december numbers in the green. year on year contracting 2.4%. the number actually much bigger than expected. the expectation was for a slight growth in these numbers. we have seen early trade data for february showing trade imports down almost 20% year on year. likeanuary numbers look this. february numbers could be worse. i suppose that is really what is concerning. the data point we are getti

asia's major markets have just opened for trade. >> welcome to "bloomberg markets: asia." china struggles to contain the coronavirus as infections spread. ask for trade deal negotiations to help cope. revenue,t slumps missing wall street estimates. >> the democratic presidential hopefuls face their big test as iowa voters head to the polls. we are live in des moines. japan and south korea coming online as we see asian stocks facing the longest losing stretch since late 2018. seeing a sighyet of relief. extending losses, the nikkei and the topix both falling further through their 100 moving averages. the yen returning to strength after slight weakness we had seen yesterday. atyear jgb yields sunk negative six basis points. south korea coming online. south korea vowing an all-out effort to contain any economic impacts of the coronavirus. is moving-- kospi higher, closing flat on the day even though we have seen many other benchmarks across the asia region in the red. the same time, you see australia stocks and new zealand stocks relatively flat, the materials are weighing on

counting down to the start of trading in asia.mberg. ♪ watchingu are bloomberg markets. we have breaking news out of various nations with pmi numbers. 49.8outh korea, contraction. this after a rebound into expansion in the previous month. january, contraction after seven months of contraction. and then we had back down. taiwan pmi manufacturing 61.8. better than the previous month of december and staying in expansionary territory. we have seen china's official pmi numbers, manufacturing and nonmanufacturing staying in the territory. we get the numbers later today. that is key because it was around the middle of the month when the news of the spread of the coronavirus started. we are watching these numbers very closely. haidi: it will be the precursor to what most economists are saying will be an ugly set of february numbers. you had the more positive ones. not so positive for the rest. the bank of japan manufacturing pmi dropping to 48.8 from 49.3 so that is a decline further into contractionary territory. getting numbers out of m

our asia government reporter, thank you for that.e show, the coronavirus outbreak is disrupting supply chains around have a ceo whowe says their products are moving with no trouble. we will bring you our exclusive interview, next. this is bloomberg. ♪ haslinda: rio tinto, the second world, saidr in the thexpect a boost to combat effects of the coronavirus. we spoke to the ceo. >> we are watching china very carefully because it is very important to us. we have around 200 people in shanghai, beijing, looking at the situation, and where we are from this situation is there is uncertainty in relation to movement of people and the supply chain. as we are having this concession, in terms of iron ore, which is key to our profit, moving the product to china, we do not have a problem whatsoever. however, we are watching very carefully, and it is fair to say there is uncertainty. ws you pointed out already, kno that the chinese government will implement a stimulus, and they are already taking steps at this point in time, and from our mining sta